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earlier in the day president obama tweeted about this himself. he used the white house twitter account and said it's good to see a lot of folks on twitter speaking about extending the middle class tax cuts and that he'd be answering questions on the cliff at 2:00 p.m. of course we'll be monitoring that very closely and bring you the best interactions that we find. if you want to send a question to the president, all you have to do is use #my2k. >> you can do that but certainly don't switch off cnbc at the same time. >> multi-task, folks. >>> on deck -- why the fiscal escartment could put us at risk. >>> and then m.i.a., millionaires. we lay out why the cliff could have the millionaires vanishing into just thin air. >>> welcome back. i'm bertha coombs. taking a look here, dow chemical, its ceo andrew liver speaking at the company's investor forum today saying that the company is taking "swift and decisive actions to protect its growth plan and to drive near-term value." specifically, they are cutting a number of things. they've accelerated interve
earlier in the day president obama tweeted about this himself. he used the white house twitter account and said it's good to see a lot of folks on twitter speaking about extending the middle class tax cuts and that he'd be answering questions on the cliff at 2:00 p.m. of course we'll be monitoring that very closely and bring you the best interactions that we find. if you want to send a question to the president, all you have to do is use #my2k. >> you can do that but certainly don't...
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Dec 5, 2012
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instead of cutting spending. his plan will hurt nearly 1 million small businesses around our country. that will affect hundreds of thousands of jobs. >> reporter: and guys, there are republicans here on capitol hill who are urging the speaker to cut a deal with the president. i talked to one of the earliest republicans to say, you know what, let's take a the president up on his offer to extend the bush tax cuts for everybody under $250,000 and at least take that uncertainty off the table and then continue to negotiate the rest to have later. some of the republicans are now coalessing around that view that they should give into what the president is suggesting, at least temporarily, and continue to negotiate on the rest because there's a lot of political pain here for republicans if we do get to the point where we go over the cliff because of those higher tax rate pateryers, guys. >> all right, eamon. thank you. >> the talk continues, but none of it face to face. be sure to catch a live interview with one of the k
instead of cutting spending. his plan will hurt nearly 1 million small businesses around our country. that will affect hundreds of thousands of jobs. >> reporter: and guys, there are republicans here on capitol hill who are urging the speaker to cut a deal with the president. i talked to one of the earliest republicans to say, you know what, let's take a the president up on his offer to extend the bush tax cuts for everybody under $250,000 and at least take that uncertainty off the table...
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Nov 29, 2012
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if they don't see anything substantive, then there will be concerns about cuts, rate cuts in the credit standing of the united states. that's what they're going to be worried about. >> that even goes to obama's terminology yesterday. he talked about presenting a framework by chris mall. framework, all that means is, listen, we've got to plan, we can modify it, tweak it -- the market will not want that. >> the market will move very quickly if they perceive it is not substance. remember it's two parts -- soon and substance. >> thank you very much. >>> to the nasdaq right now, bertha coombs is there following the big movers. >> over the last couple of days the nasdaq has managed to move into positive territory for the month of november, back above 3,000. today one of the biggest movers is research in motion getting an upgrade at goldman sachs. one of the firms that sees them perhaps getting some traction with the blackberry 10 rollout in 2013. apple up today as well, up more than 1%. look what's happened this month. nasdaq composite has moved up without the help of apple. apple on track fo
if they don't see anything substantive, then there will be concerns about cuts, rate cuts in the credit standing of the united states. that's what they're going to be worried about. >> that even goes to obama's terminology yesterday. he talked about presenting a framework by chris mall. framework, all that means is, listen, we've got to plan, we can modify it, tweak it -- the market will not want that. >> the market will move very quickly if they perceive it is not substance....
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Dec 5, 2012
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here's the top ten led by the second-year running, president barack obama. the highest ranking female, angela merkel. then mr. putin of russia. bill gates, pope benedict, ben bernanke, saudi king. more on how the list was assembled and other details, forbes media ceo, mike, thanks for being with us. >> this is important to us because nothing personifies what we do at forbes like our power list. we're about success and the impact of people who achieve success have. we have ten editors who get together. we draw on a huge bank -- >> they always agree on everything. don't they? >> exactly. there is some subjectivity, i must admit. they talk about the number of people that someone influences. the amount of financial resources that they have. how many spheres they operate in, are they just financial or are tle political or philanthropic. the fourth criteria is do they act on their power, do they use their power. and if you look at -- >> that's the reason why bill gates would rank so high here is how he has used some of his financial power in the philanthropic sphe
here's the top ten led by the second-year running, president barack obama. the highest ranking female, angela merkel. then mr. putin of russia. bill gates, pope benedict, ben bernanke, saudi king. more on how the list was assembled and other details, forbes media ceo, mike, thanks for being with us. >> this is important to us because nothing personifies what we do at forbes like our power list. we're about success and the impact of people who achieve success have. we have ten editors who...
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Dec 4, 2012
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part of this conversation. >> obama doesn't listen to him at this point. do you see how this is on? it's as tenuous as the talks themselves. leechb one way or the other, it falls off. anything the slightest movement respect, and the cliff -- we're not rising above. you're getting a hum on my microphone? i'm fine. the audio guy. interrupts the show to tell me there is a hum and there isn't a hum. >> i appreciate that. also senator harry reid says that republicans need to, quote, get serious. both sides are saying this, both sides -- a lot of kabuke theater. >> everyone got disgusted. nobody needs that image. >> the fiscal cliff will certainly be one of the main topics of discussion when president obama meets with some of the nation's governors today. actually i think they're meeting with vice president biden. then governors will be meeting with some of the congressional leadership, as well. but you guys are watching this, we know this is drama and theater. do you think a deal gets struck at the end of the day? >> i do. i have to say, i still think we'll get
part of this conversation. >> obama doesn't listen to him at this point. do you see how this is on? it's as tenuous as the talks themselves. leechb one way or the other, it falls off. anything the slightest movement respect, and the cliff -- we're not rising above. you're getting a hum on my microphone? i'm fine. the audio guy. interrupts the show to tell me there is a hum and there isn't a hum. >> i appreciate that. also senator harry reid says that republicans need to, quote, get...
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Nov 30, 2012
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and the extended unemployment benefits, too. >> i don't like the way obama started here at all. i mean, there were two ways to start the negotiations. one was did you ever see into guys like haggle over something and one guy says a dollar and the other guy says 1,000. and that's where they seem to have started. he could have started at 500 and then the republicans could have said maybe 100. but he started this thing, he put his foot forward like you know what, i'm willing to play this to the bitter end. this wasn't a thing that said let's get it done quickly. he sent geithner over. he used geithner's political capital which i think was a mistake for geithner. >> he's leaving. >> but it's like using -- >> going back to goldman. >> where he started. >> where he cut his teeth. >> like using a pitcher because you don't care about his arm at the end of the season. so you threw him out there and you send him over with -- and you also let the republicans characterize the plan. which from a pr standpoint i don't think was that smart. so i think they blew that one. but ultimately it stri
and the extended unemployment benefits, too. >> i don't like the way obama started here at all. i mean, there were two ways to start the negotiations. one was did you ever see into guys like haggle over something and one guy says a dollar and the other guy says 1,000. and that's where they seem to have started. he could have started at 500 and then the republicans could have said maybe 100. but he started this thing, he put his foot forward like you know what, i'm willing to play this to...